Copeland Capital Management LLC Decreases Stock Position in Kforce Inc. $KFRC

Key Points

• Copeland Capital Management LLC reduced its stake in Kforce Inc. by 6.8%, selling 36,642 shares and now owning approximately 2.68% of the company valued at $20.5 million.
• Kforce reported a quarterly earnings per share of $0.59, missing estimates by $0.01, with a revenue decline of 6.2% year-over-year.
• The company announced a quarterly dividend of $0.39, representing an annualized dividend of $1.56, with a yield of 5.2% and a payout ratio of 65.27%.

Copeland Capital Management LLC cut its stake in Kforce Inc. (NASDAQ:KFRC - Free Report) by 6.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 498,843 shares of the business services provider's stock after selling 36,642 shares during the period. Copeland Capital Management LLC owned about 2.68% of Kforce worth $20,517,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Kforce by 1,069.1% in the first quarter. Signaturefd LLC now owns 795 shares of the business services provider's stock valued at $39,000 after purchasing an additional 727 shares during the period. Quarry LP purchased a new position in Kforce in the first quarter valued at $42,000. Meeder Asset Management Inc. boosted its holdings in Kforce by 336.1% in the first quarter. Meeder Asset Management Inc. now owns 955 shares of the business services provider's stock valued at $47,000 after purchasing an additional 736 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Kforce by 18.8% in the first quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the business services provider's stock valued at $148,000 after purchasing an additional 480 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Kforce in the second quarter valued at $208,000. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Kforce Stock Down 0.9%

Kforce stock opened at $29.90 on Friday. Kforce Inc. has a fifty-two week low of $29.33 and a fifty-two week high of $62.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market capitalization of $556.02 million, a P/E ratio of 11.15 and a beta of 0.66. The stock has a 50-day simple moving average of $32.42 and a 200-day simple moving average of $39.39.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its earnings results on Monday, July 28th. The business services provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Kforce had a net margin of 3.59% and a return on equity of 30.34%. The firm had revenue of $334.32 million during the quarter, compared to analysts' expectations of $333.78 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. Kforce has set its Q3 2025 guidance at 0.530-0.61 EPS. Equities research analysts expect that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, September 12th. Kforce's payout ratio is presently 65.27%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KFRC. UBS Group decreased their price target on Kforce from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, July 30th. Zacks Research raised Kforce from a "strong sell" rating to a "hold" rating in a report on Monday. Finally, Truist Financial decreased their price target on Kforce from $50.00 to $46.00 and set a "hold" rating for the company in a report on Tuesday, July 29th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $52.33.

Kforce Company Profile

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.

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